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Uses of resources, how many in a rise in prices, and right at the beginning itThe parity in favour of a rise in prices will be stronger, than subsequently.
4. That circumstance that the tendency to growth of unit of wages
It can be shown even before full employment achievement, does not require the special
Comments or explanations. As each group of hired workers Wins with other things being equal from its increase in the own Wages it is natural that same aspire to achieve all Groups, and businessmen when affairs at them go better, most likely, Will agree to concede. For this reason a known share of any increase
Effective demand it will be absorbed, possibly, by the tendency to unit growth
Wages.
Thus, besides a final critical point of a full employment, with
Which achievement the monetary wages should grow in are read the burial service on
Increase in the effective demand expressed in monetary units in the same The proportion in what the prices of the goods acquired on the wage grow Payment, we have a consecutive number of earlier semicritical points, on Which achievement the increase in effective demand will cause also growth
Monetary wages, though and not in an exact proportion to a rise in prices of the goods,
Acquired on wages. By similar image it will be shown and Action of reduced effective demand. In the valid life unit Wages it is not changed continuously in the term of money in the answer On each little change of effective demand. These changes occur With defined.it. Points of ruptures are defined by psychology hired Labour, and also a policy of businessmen and trade unions. In the opened To system where all it means change in relation to costs on Wages in other countries, and also during an industrial cycle, when
Even in the conditions of the closed system it can mean change under the relation
To expected costs on wages in the future, such points of ruptures Can have the big practical significance. These points, for which further
The increase in the effective demand expressed in money, is capable to cause not
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